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11:45 PM ET, May 12, 2015


 Top News: 
Kara Swisher / Re/code:
Sources: AOL in talks to spin off HuffPost, primarily with Axel Springer, at a valuation over $1B  —  AOL Has Been in Talks to Spin Off HuffPost as Part of Verizon Acquisition Deal  —  According to numerous sources, while it has been negotiating its deal to sell to Verizon …
Sources say Verizon has no plans to spin off AOL's editorial properties including TechCrunch and Engadget, with Huffington Post's future less certain  —  Verizon Likely To Retain TechCrunch And Engadget  —  Sources say Verizon has no plans to spin off the tech blogs once the $4.4 billon acquisition is approved.
Anthony Ha / TechCrunch:
Tim Armstrong says AOL to remain in content business, denies spin-off of Huffington Post, says TechCrunch won't be sold and will retain editorial independence  —  CEO Tim Armstrong Says AOL Is Staying In The Content Business (And He's Not Selling TechCrunch)  —  It was an interesting day at AOL.
Ingrid Lunden / TechCrunch:
Internal memo from AOL CEO Tim Armstrong on Verizon takeover  —  In Big Media Push, Verizon Buys AOL For $4.4B [Memo From AOL CEO Tim Armstrong]  —  So this just happened.  AOL, owner of TechCrunch, is getting acquired: U.S. carrier Verizon said in a statement that it is buying the company for $4.4 billion, or $50 per share.
Verizon to acquire AOL at $50 per share at an estimated total value of $4.4B, Tim Armstrong to continue leading AOL operations  —  Verizon to Acquire AOL  —  Deal Creates Unique and Scaled Digital Media Platforms for Consumers, Advertisers and Partners  —  NEW YORK - Taking another significant step …
Alex Kantrowitz / AdAge:
Ad-Tech, not Content, Is King in the Verizon-AOL Deal  —  Takeaways From This Morning's Announcement  —  The deal of the year may be upon us.  —  Today, Verizon announced it has reached an agreement to buy AOL for $4.4 billion.  The move, expected to be completed this summer …
Dennis K. Berman / Wall Street Journal:
Verizon's AOL acquisition suggests its telecom carrier empire is crumbling more than it shows the power of the physical network
Brent Lang / Variety:
AOL Shares Surge 18% After Verizon Deal
Gabriel Sherman / New York Magazine:
Sources: Facebook deal to publish NYT stories directly to Facebook to be announced Wednesday; rollout includes Buzzfeed, NBC News, National Geographic, others  —  The New York Times-Facebook Deal Is Here  —  It could represent a seismic change for both the publishing industry and for the media company itself.
T. Rees Shapiro / Washington Post:
University of Virginia associate dean Nicole Eramo files defamation suit against Rolling Stone, seeks $7.5M in damages over retracted rape story  —  U-Va. dean sues Rolling Stone for ‘false’ portrayal in retracted rape story  —  WUVA online, a student-run media outlet, interviewed Nicole Eramo …
Alex Weprin / Capital New York:
ESPN president John Skipper says network will continue to support Grantland after Simmons' departure “at the same level both financially and staff-wise”
Discussion: Broadcasting & Cable
Justin Ellis / Nieman Lab:
Knight Foundation invests $1 million in creator-driven podcast collective Radiotopia  —  A little over a year ago, a group of public radio-minded podcast producers banded together with an idea: to combine their powers to grow a shared audience and develop a better business model for fledgling audio entrepreneurs.
Jordan Chariton / The Wrap:
Tom Brokaw Says Media Is ‘Completely Wrong’ About His Feelings on Brian Williams Controversy  —  Appearing on Fox News to discuss his memoir Monday, Tom Brokaw said the media has been swimming in speculation over his take on the Brian Williams controversy.  —  “There's been way too much speculation,” he told Sean Hannity.
Liana B. Baker / Reuters:
Exclusive: Cablevision to drop $1 bid for NY Daily News - source  —  It was one dollar too much for Cablevision Systems Corp (CVC.N).  The cable company is planning to pull out of the auction process for the New York Daily News after spending hundreds of hours analyzing a potential deal, according to a person familiar with the matter.
Discussion: New York Times, Gawker and @petersterne
Nic Christensen / mUmBRELLA:
Wall Street Journal's head of global media sales, Trevor Fellows, downplays revenue potential of branded content, citing its difficulty to produce at scale  —  Wall Street Journal sales boss: Branded content will never be a dominant revenue source  —  Fellows speaking at the INMA World Congress
Kevin Roderick / LA Observed:
LA Times Pulitzer winner Jeff Gottlieb's farewell memo to colleagues hints at dissatisfaction amongst newsroom staff  —  LA Times Pulitzer winner exits an unhappy camper  —  Jeff Gottlieb, center, with LA Times reporters Paloma Esquivel and Ruben Vives in 2011.  Photo: Knight Fellowships
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 More News: 
Bill Mickey / Folio:
Here Media Launches Social Content Hub
Discussion: Business Wire
Wall Street Journal:
U.S. Authorities Near End of AT&T-DirecTV Review, Unlikely to Block Deal
Discussion: Reuters
Elizabeth Spayd / CJR:
Columbia J-School asks students to produce May/June issue of CJR on experimental journalism
Jordan Chariton / The Wrap:
Turner Shakeup: Doug Shapiro Named Head of Strategy, Network Searches for PR Chief
 Earlier Picks: 
Nathalie Tadena / Wall Street Journal:
Report finds Google is still the largest media owner; 136% bigger than the second-largest, Disney, up from 115% last year
Kristen Hare / Poynter:
Associated Press curates stories in book form, including current and historical news, has published 18 paperbacks and e-books since March
Brian Flood / Adweek:
ESPN to announce deal with Cablevision that lets advertisers access multiscreen audience data
Discussion: Light Reading and FierceCable
Secular blogger Ananta Bijoy Das hacked to death in Bangladesh, in third such attack this year
David Weinberger / Slate:
NPR opens API to authorized developers to build device-specific versions of NPR One streaming player
Discussion: @fkbarrett, and RAIN News

From Techmeme:

Terraform Labs and co-founder Do Kwon agree to pay $4.47B to resolve a US SEC lawsuit, after a jury in April found them liable for fraud following a civil trial

Sean Michael Kerner / VentureBeat:
Stability AI releases Stable Diffusion 3 Medium, intended to be a smaller yet capable model on consumer GPUs, with 2B parameters, compared to SD3 Large's 8B

Mariella Moon / Engadget:
X says Likes are now private for everyone, meaning users are no longer able to see who liked someone else's post

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